Analysis
Minnesota State University-Mankato's psychology program sits in an interesting middle ground: nationally, it performs well (77th percentile), but within Minnesota—where psychology graduates tend to earn more overall—it lands squarely in the middle of the pack at the 40th percentile. Starting at $34,925, graduates earn about $3,000 less than the state median while carrying slightly less debt at $24,000.
The program shows steady progression, with earnings climbing 20% to nearly $42,000 by year four. However, several Minnesota schools deliver stronger immediate returns, with the top five all placing graduates above $38,000 in their first year. That $3,000-$6,000 gap matters when you're managing student loan payments early in your career. The debt-to-earnings ratio of 0.69 is manageable but not exceptional—you're borrowing roughly eight months of first-year salary.
For families prioritizing affordability and access (the 91% admission rate makes this achievable for most students), MSU-Mankato delivers a solid psychology education at a reasonable price. But if your student can gain admission to Saint Benedict, Metropolitan State, or UMN-Duluth, those programs offer meaningfully higher starting salaries that could justify slightly higher costs. The choice here hinges on whether the accessibility and regional reputation justify accepting mid-pack earnings within Minnesota's competitive psychology landscape.
Where Minnesota State University-Mankato Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Minnesota State University-Mankato graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Minnesota State University-Mankato | $34,925 | $41,943 | +20% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $9,490 | $34,925 | $41,943 | $24,000 | 0.69 | |
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| National Median | — | $31,482 | — | $25,500 | 0.81 |
Career Paths
Occupations commonly associated with psychology graduates
Industrial-Organizational Psychologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Managers, All Other
Loss Prevention Managers
Social Science Research Assistants
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Minnesota State University-Mankato, approximately 20% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 105 graduates with reported earnings and 148 graduates with debt data. Small samples may not be representative.